Will BTC face rejection at $25.2k or can bulls take it to 28k?

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion. Is this a deviation before a nuke, or consolidation before a pump? Evidence suggested that bulls and bears can wait for a proper break before entering positions. January was a solidly bullish month for […]

dominance fell, which meant Bitcoin’s rally was reflected across the altcoin market as well. A breakout past the resistance from July would likely see large gains relatively quick.On the daily chart, a former bearish order block stood at the $22k region. It was converted to a bullish breaker after the retest of $21.6k as support in early February. This level also marked the mid-point of a range that BTC traded from July to November, thus marking it as a significant support level.

At the time of writing, this bullish structure was unbroken. A daily session close below $21.6k would be required to flip the bias to bearish.

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